- Varun Gandhi Under Attack Over Defence Deals: Here’s How
- This Diwali, Let Blind Students Brighten Up your Homes With Candles & Diyas
- CBI Files Supplementary Chargesheet In Sheena Bora Murder Case
- Soha Ali Khan And Vir Das Starrer 31st October Audience Reaction
- Sahara Chief Subrata Roy’s Parole Extended Till November 28
- Simple Tips To Secure Your Debit Card From Fraudsters
- New Zealand & India Team Being Welcomed In Chandigarh
- Mumbai Call Centre Scam: All You Need To Know
- Jammu Kashmir Chief Minister Mehbooba Mufti Appeals To Police: Here’s What She Said
- Shocker From Ahmedabad: Find Out What Happened
- Bigg Boss 10 Day 3 Review: Celebs Fail To Do Well in First Task
- Airtel Offers 10GB Data At Rs 259 For New 4G Smartphone Users
- Aamir Khan Starrer Dangal’s Trailer Launched: First Impressions
- TMC Supporters Attack BJP Leader Babul Supriyo
- Sri Lankan Navy Apprehends 20 Indian Fishermen
Growth momentum is weakening in major developing economies with the exception of India while the economic outlook is stable for most developed countries, the OECD said on Tuesday.
The Paris-based Organisation for Economic Cooperation and Development said its leading indicator covering 33 member countries was unchanged in April for the sixth month in a row at 100.6, above its long-term average of 100.
The indicator, designed to flag turning points in the economic cycle, suggested there was “stable growth momentum” in the bloc of mostly wealthy developed nations, the OECD said.
However growth was below trend in Brazil, China and Russia while India’s reading was steady at 97.9, which the OECD described as a tentative positive turning point in the country’s economic cycle.
The outlook was stable in the United States, with a 100.5 reading unchanged for months. The OECD said the euro area saw a positive change in momentum with a reading of 101.1, which was steady from March but up from previous months.
However, Japan saw its reading continue to ease, slipping to 100.6 from 100.7 as consumers adjust to the first increase in value added sales tax since 1997.